Pros and Cons of a Big Down Payment
When buying property, you can often choose between a large or small down payment. That upfront payment becomes your equity in the property, but how much should you put down? Some loan programs allow you to pay as little as 3.5% (or even less), which may be tempting to buyers who prefer to keep their […]
Montrose Real Estate Market Update – May 2014
National Real Estate Market – May 2014 On a national level, home prices are up 5.4% from last month and are up 7.7% from the same time last year. The median sales price is $191,600. Fewer homes are selling on the national level as home prices continue to rise. Affordability, tight credit, and a diminishing […]